Samsung Is Buying Cloud Provider Joynet

Joynet is a US cloud provider for both public and private clients and now the company has announced it is being acquired by Samsung.

The news of the acquisition was announced on Samsung’s website and also the Joynet website and Samsung intends to use the company and their technology for Internet of Things (IoT).

“Samsung evaluated a wide range of potential companies in the public and private cloud infrastructure space with a focus on leading-edge scalable technology and talent. In Joyent, we saw an experienced management team with deep domain expertise and a robust cloud technology validated by some of the largest Fortune 500 customers,” said Injong Rhee, CTO of the Mobile Communications business at Samsung Electronics.

“We are excited to join the Samsung family. Samsung brings us the scale we need to grow our cloud and software business, an anchor tenant for our industry leading Triton container-as-a-service platform and Manta object storage technologies, and a partner for innovation in the emerging and fast growing areas of mobile and IoT, including smart homes and connected cars,” said Scott Hammond, CEO of Joyent.

You can find out more details about the acquisition of Joynet by Samsung at the link below, as yet there are no details on how much Samsung are paying for the company.